#vat return

Outsourcing is a business practice in which company A hires company B to perform services that traditionally were performed in-house by company A’s own employees and staff. Outsourcing is usually undertaken as a cost-cutting and time-saving measure.

In the past few decades, Outsourcing has become very popular worldwide. Sole-traders, Partnership firms, Small businesses, Companies – they all outsource work so as to save time and be more cost-effective.

Why Outsource VAT related services?

- As a business do you spend a considerable amount of your time and effort in VAT calculations, filing VAT return, etc. and still don’t arrive at the correct VAT return figures?

- Are you not able to cope up with the complicated nature of VAT returns process or do you feel helpless while using one of the VAT software?

- Are you unaware of various VAT schemes and don’t know which one is the best fit for your business?

- Are you not aware of the current VAT rate and don’t know which rate to apply while buying/selling goods or services?

If you replied ‘Yes’ to one or more of the above mentioned-questions, then you need services of an experienced and reliable VAT outsourcing firm.

‘Doshi Accountants’ is a top-notch accountancy firm based out of UK and India. We provide a wide gamut of VAT related services. If you are looking to outsource your VAT work then look no further.

Our VAT services include:

VAT Registration and other services – 

We will help you register for VAT if you have still not done the same. We will act as your authorised representatives while dealing with HMRC and other Govt. Bodies thus saving you a lot of time, money and effort which otherwise you would have spent while dealing with them. We also help you to set up your VAT account and maintain all VAT related records for the relevant authorities to peruse any time.

Collection of client’s documents – 

We arrange for door-step pickup of your sales, purchases, expense invoices, bank/credit card statements and any other document relevant for VAT.

VAT Calculations – 

We apply the correct VAT scheme, current VAT rates and come up with the most accurate VAT liability/ VAT refund figure for you.

VAT Submission/Payment – 

We submit your VAT return (quarterly/monthly) on time so that HMRC doesn’t levy any penalty/surcharge. We also guide you with various payment methods.

Final Reports – 

After filing your return, we prepare and send to you a comprehensive VAT report for your record.

VAT De-registration –

If your annual business turnover goes below the threshold of £83000 and thus you wish to de-register, then we assist you with that as well.

Why Choose Doshi Accountants to outsource your VAT services?

Softwares – 

We use the latest and specified software such as SAGE, Quickbook, Kashflow to calculate and file your VAT returns as mandated by HMRC under MTD rules applicable from 01st April, 2019.

Team – 

Our VAT team is highly motivated, experienced and professional. Also, you will be assigned a dedicated consultant to look into your specific needs and solve your queries, if any.

Fees – 

The fees that we charge are very affordable and one of the most competitive throughout the industry. You would appreciate us for providing you with world-class services at such cost-effective prices.

Efficiency – 

We ensure one of the fastest turnaround times so that you don’t miss any deadlines. Also, we keep you updated via emails and phone calls so that you don’t miss out on anything important.

Security – 

Rest assured, all your documents and data are in very safe hands as we have experience of more than 20 years in this field. We adhere to best practices to safeguard your data at all times.

CONCLUSION

Recovering VAT refunds from the UAE Federal Tax Authority (FTA) can be a complex and time-consuming process. Many businesses struggle with missed deadlines, incorrect documentation, or procedural errors due to limited knowledge of UAE tax regulations.

At Proficient Accountants, we specialize in VAT refund services in Dubai and across the UAE, ensuring your claims are filed accurately and on time. Our tax experts handle the entire process, helping you avoid penalties, streamline documentation, and secure your VAT refunds faster and more efficiently.

VAT Refund Made Easy in Dubai with Proficient Accountants 

At Proficient Accountants, we simplify the VAT refund process in Dubai and across the UAE by managing every step with accuracy and compliance. Our experienced tax consultants work alongside your business to ensure all required documents are prepared correctly, refund applications are filed on time, and progress is tracked directly with the UAE Federal Tax Authority (FTA). 

VAT Refund Application Preparation Our experts assist you in preparing and submitting your VAT refund application to the UAE 

Federal Tax Authority (FTA). We ensure every detail is accurate to guarantee a smooth and hassle-free refund process.

Document Review & Compliance Check We carefully review all necessary documents to make sure they meet FTA requirements. This minimizes the risk of rejection or delays caused by incomplete or incorrect paperwork.

Continuous Follow-Up with the FTA To keep your refund application on track, our team communicates directly with the Federal Tax Authority on your behalf, ensuring faster processing and timely updates.

Expert VAT Guidance & Support With extensive knowledge of UAE VAT laws and procedures, we provide tailored advice to help you avoid common errors, streamline the refund process, and secure your VAT refunds efficiently.

Why Trust Proficient for VAT Refunds in the UAE?

A VAT return represents a fundamental requirement for VAT-registered businesses since managing business finances proves complicated. Businesses that follow best practices for operations alongside VAT deadlines in their return preparations minimize the need to worry about errors and penalties. This step-by-step guide explains everything about VAT returns and demonstrates proven methods to simplify your VAT processing.

What Is a VAT Return?

 A Value Added Tax return functions as a periodic document which businesses deliver to tax authorities about their sales-based VAT charges and VAT payments on acquired goods. Businesses need to assess the value difference between collected VAT and paid VAT to understand their VAT obligation to the government for refund purposes.

Who Needs to File a VAT Return? 

Every business that registered for VAT must submit their periodic VAT return reports. When a business generates income beyond the limits established by the government for VAT registration it becomes legally required to join the program. A business with turnover below the VAT threshold can choose voluntary VAT registration in order to claim VAT deductions on its expenses.

How to File a VAT Return

The amount of VAT which businesses collected from their sales should be calculated.

A business needs to determine Input VAT which represents VAT expenses used to pay for business purchases.

Businesses need to compute their VAT liability by subtracting all the paid VAT from all the collected VAT.

Businesses must file their VAT return by using an online tax service portal before the set deadline.

Businesses should pay the VAT difference if output VAT exceeds input VAT. A VAT refund should be claimed when the amount of input VAT exceeds the amount of VAT paid on sales.

Common VAT Return Mistakes to Avoid

The delay in filing your return will lead to financial penalties because of non-compliance.

The mistakes in VAT calculations create problems because they result in payment errors between overpayment and underpayment amounts.

A business needs accurate invoices and receipts to sustain compliance under VAT regulations.

Check that your business claims VAT only for expenses eligible for the tax.

Tips for Hassle-Free VAT Return Filing

Businesses should employ accounting software that performs VAT calculation tasks and makes submissions automatically.

Every transaction must get recorded for at least six years.

Being aware of present VAT rate changes and necessary regulations for compliance.

Professional assistance should be obtained if you don’t understand VAT regulations.

The process of filing VAT returns can become manageable when sufficient preparation occurs. A business that maintains organization and implements best practices toward VAT compliance will steer clear from penalties. A properly organized approach will simplify VAT return tasks both for beginners and established users who want to enhance their filing systems.

VAT Return Filing in Dubai: How to File Electronically and Avoid Late Fees

Recovering value-added tax (VAT) is a vital part of your company’s financial strategy. While getting your VAT back can improve cash flow and overall financial health, the recovery process can often be complicated.

Many businesses in the UAE encounter delays and issues that can make it difficult to receive their refunds on time. This guide will help you understand your rights regarding VAT refunds and provide practical tips to speed up your application process.

Know the steps and eligibility criteria to make your VAT refund smoother

To make the VAT refund process smoother, it’s crucial to know your eligibility and the necessary steps involved. Here’s what you need to keep in mind:

Is your business eligible for VAT refunds?

Not every business qualifies for VAT refunds. Generally, you can claim a refund if:

You have paid VAT on purchases related to taxable supplies.

Your VAT input (what you paid) is greater than your VAT output (what you collected) during a specific tax period.

You are a non-resident business that has paid VAT in a country where you don’t have a business presence.

Documentations you need for a successful refund process

Tax Invoices: These should include your details, the seller’s details, and the VAT amount paid.

Credit Notes: If you have returned any goods or services, ensure you have the relevant credit notes.

Supporting Documents: This can include contracts, customs declarations and exit certificates, payment confirmations, and any other documents that support your claim.

Save time and resources by complying with FTA regulations

Timely and accurate submission of your VAT refund files is critical. You need to follow the Federal Tax Authority (FTA) regulations to avoid:

Delays in processing your refund.

Possible penalties for non-compliance.

Common challenges leading to delays

Even with careful preparation, several factors can slow down your VAT refund. Here are some of the most common challenges:

1. Incorrect tax positions

Claiming ineligible input tax credits or failing to follow valid tax positions can get rejection of your refund application. Make sure all your claims are based on proper tax positions to avoid problems.

2. Non-compliant documentation

Incomplete or inadequate documentation is a major cause of delays. Ensure that all your tax invoices, credit notes, and supporting documents meet FTA requirements. Missing or incorrect paperwork can lead to extended processing times.

3. Lack of reconciliation

If you don’t regularly reconcile your books with your VAT returns & Customs statistical reports/ records, discrepancies can arise, leading to delays. Regular reconciliation helps keep your financial records in line with your VAT submissions.

4. FTA investigations

Large refund amounts or first-time VAT claims may trigger an investigation by the FTA. While this is standard procedure, it can significantly slow down your refund process. Being aware of this possibility can help you prepare.

Steps to Expedite Your VAT Refund Process

To ensure your VAT refund process goes smoothly, consider these steps:

1. Comprehensive review

Start by thoroughly reviewing your VAT returns, working papers, and refund calculations. This ensures you have enough documentation to support your claim and helps you spot any discrepancies.

2. Data preparation

Gather all necessary data and documentation required for your VAT refund application ahead of time. Organizing this information in advance will streamline the submission process and reduce errors.

3. Identify non-compliance

Take a close look at your business activities to identify any instances of VAT non-compliance. Addressing these issues early on can help optimize your processes and avoid complications later.

4. Timely submission

Submit your VAT refund application promptly and accurately to kick off the 20-day inquiry period set by the FTA. Delays in submission can lead to longer processing times, so aim to submit your application as early as possible.

5. Address queries efficiently

Good communication with the FTA is key. Respond to any queries they may have quickly and manage all correspondence efficiently. This proactive approach can help speed up your refund.

6. Seek professional assistance

Given the complexities of VAT refund claims, consulting experts can be extremely beneficial. Professional assistance ensures that your submissions are accurate and compliant, minimizing the risk of delays.

MBG's Expertise in VAT Refund Claims

At MBG, we understand that claiming VAT refunds can be a challenging task for many businesses. Our team of experienced FTA approved tax agents is here to help ensure your VAT claims are accurate, well-supported, and submitted on time. Here’s how we can assist you:

Tailored guidance

We provide personalized advice tailored to your specific business needs. Our experts will guide you through the complexities of VAT regulations, helping you maximize your eligible refunds.

Documentation support

Our team will help you compile and review all necessary documents, ensuring compliance with FTA regulations. This reduces the risk of delays caused by insufficient or incorrect paperwork.

Ongoing compliance monitoring

We offer continuous monitoring of your VAT compliance, keeping you updated on any changes in regulations that could impact your refund process.

Training and resources

MBG also provides training and resources to help your team understand VAT regulations and best practices to be adopted for VAT refund process. Equipping your staff with knowledge can lead to a more efficient refund process.

Conclusion

To expedite your VAT refunds and avoid unnecessary delays, it’s essential to comply with FTA requirements, maintain proper documentation, and submit accurate applications. By adopting the right strategies and seeking professional guidance, you can ensure your VAT refund process is efficient and timely, positively impacting your cash flow and overall financial health.